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20121119
20121119
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title game. they're heavily favored. >> so i go away on vacation, i'm in napa, california. come back, boom, twinkies gone. i can tell you this, there's a chance they will not be extinct after all. analysts say well-known companies are expressing interest in hostess products including pepperidge farm and the company that makes tasty cakes. there's also a potential buyer out of mexico called bimbo bakeries. >> do not go on vacation again. >> i'm sorry. the chocolate cup cakes? delicious. anyway, clock, ticking on the american economy year-end fiscal cliff we've been talking about for awhile here. a challenge, president obama mentioned on his pan asian tour just this week. >> i'm confident that we can get our fiscal situation dealt with. and i think it's important to recognize that yeah democracy is a little messier than alternative systems of government. but that's because democracy allows everybody to have a voice. >> mayors across the country are urging washington to get it back to the before it's too late. they're gathering in washington, d.c. to lay out the issues their cities will
"getting a break." they listed some of the higher income states. california leads the way. if you go down the charge, the lowest states, indiana the lowest in terms of just what folks are getting in their homes in terms of added as -- itemized deductions. that's it from the other gentleman we heard in that clip. [video clip] >> tax increases to chase after higher spending is a fool's errand. we need to have that balanced approach we have all been talking about, which is increasing revenues through a process of tax reform, then spending reductions. we've had four straight years of trillion dollars plus deficit. you cannot continue this and have economic vitality, which is what we need. host: anything there you want to respond to? guest: the federal government spends over $1.40 for every dollar it takes in. you cannot continue to do that without having a day of reckoning. we need comprehensive tax reform. we need a comprehensive approach to regaining control of the budget, social insurance reforms, defense and other spending reductions, and tax reform that will generate more revenues. i don
, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the ways it's going to affect by state. we can even drill down further and look county by county, and what you see here for example if you drilled down here in louisiana there's one county in here where there's a federal penitentia penitentiary, because these are federal jobs as a percent of the total. you can see places along the texas coast, the bottom line on all of this is that we talk about reducing the ifisical cliff and solving the problem on a national level, but there are individual states that are going to be hit harder and there are blue states and states that come in so it's not easily democratic or republican solution, becky, when we look at it
Search Results 0 to 2 of about 3

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